Kazyon completed the 50% stake in Dukan for SAR250m.

Kazyon, the largest Egyptian discount supermarket chain, completed the 50% stake in Dukan, the sole grocery discount retailer in Saudi Arabia, for SAR250m. "This acquisition marks an important milestone for Kazyon as it accelerates its growth and expands into Saudi Arabia, one of the most attractive grocery retail markets in the region. We are excited by the prospects for the business in the Kingdom. The transaction was funded by introducing to the capital structure of Kazyon a global sovereign wealth fund as we solidify our position as a leading grocery retailer in the region," Hassan Heikal, Kazyon Chairman and Founder.